Description: Silicon Valley is one of the few places where a 27-year-old Web entrepreneur can parlay a photo-sharing application with no known source of revenue into $1 billion — in two years.

Source: Bloomberg.com

Date: 04/10/2012

Link: http://www.bloomberg.com/news/2012-04-10/instagram-s-systrom-builds-1-billion-application-in-two-years.html

Questions for discussion:

• Do you think the background experience of these two entrepreneurs had anything to do with their success this time?
• What factors contributed to the rapid adoption rate of the product by users?
• How will Facebook be able to monetize this product?